Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Trading Down 0.7% - Here's What Happened

Key Points

• Nippon Steel & Sumitomo Metal shares fell 0.7% during trading, closing at $6.74 with a daily volume of 163,558 shares, down from the average of 169,603 shares.
• The company reported a quarterly loss of ($0.43) earnings per share, significantly missing the consensus estimate of $0.61, alongside a revenue of $13.56 billion.
• Nippon Steel has a market cap of $21.73 billion and exhibited a negative return on equity of 0.60% and a negative net margin of 0.42% during the last quarter.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) fell 0.7% during trading on Monday . The stock traded as low as $6.53 and last traded at $6.74. 163,558 shares were traded during trading, a decline of 4% from the average session volume of 169,603 shares. The stock had previously closed at $6.79.

Nippon Steel & Sumitomo Metal Stock Down 0.7%

The firm has a 50 day moving average of $6.49 and a 200 day moving average of $6.90. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of -224.59 and a beta of 0.80. The company has a quick ratio of 1.01, a current ratio of 1.95 and a debt-to-equity ratio of 0.34.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.04). The firm had revenue of $13.56 billion during the quarter, compared to the consensus estimate of $13.63 billion. Nippon Steel & Sumitomo Metal had a negative return on equity of 0.60% and a negative net margin of 0.42%.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.

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